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5/23/2023 |  Dick’s Sporting Goods Sees Modest Growth, Less Foot Traffic (Front Office Sports)

Dick’s Sporting Goods showed modest growth in the latest fiscal quarter — but amid signs that the pandemic boom is tapering off.

The retailer brought in $2.8 billion in net sales for the 13 weeks ending April 29, a 5.3% uptick over the same period last year. The company banked $305 million in net income compared to $261 million in Q1 2022.

5/23/2023 |  Dick’s Rises After Posting Profit That Outpaces Expectations (Bloomberg) Dick’s Sporting Goods Inc. jumped after reporting profit that surpassed Wall Street’s expectations, a sign the athletic retailer is maintaining its momentum despite consumers’ broader pullback from discretionary spending.
5/21/2023 |  Foot Locker’s Stock Plummets Amid Decreased Sales (Front Office Sports)

Foot Locker’s stock dropped 27% on Friday after the company reported an 11.4% drop in sales for the quarter.

The retailer’s total sales for Q1 2023 were $1.92 billion compared to $2.17 billion year-over-year. Net income for the three-month period ending April 29 was $36 million — a sharp drop from the $132 million reported for the period in 2022.

5/12/2023 |  Under Armour's new marketing strategy will maximize womenswear and footwear (Gist Sports, The) Under Armour’s (UA) new chief doesn’t want to leave money on the table. CEO Stephanie Linnartz said Tuesday that womenswear and footwear will star in the company’s growth strategy, declaring that it “will go after women harder than this company has ever seen.”
5/11/2023 |  Adidas Opts to Sell Yeezy Sneakers, Donate Proceeds (Front Office Sports)

Adidas has finally chosen a course of action for its Yeezy merchandise.

After months of weighing various options regarding its $1.3 billion worth of inventory associated with Ye — formerly known as Kanye West — Adidas has opted to sell the merchandise and donate the proceeds.

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